Containers of Tide detergent on grocery store shelves in New York. Richard B. Levine | Corbis | Getty Images Procter & Gamble on Tuesday topped analysts’ estimates for quarterly earnings and revenue as consumers maintained pandemic buying trends like purchasing more cleaning supplies and started buying beauty products again. The […]
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Remember the pandemic stockpiling last year? Consumer products companies are still catching up
People shop for toilet paper at a Costco store in Novato, California on March 14, 2020. Josh Edelson | AFP | Getty Images Surging demand stemming from the coronavirus pandemic led sales of consumer packaged goods, which encompasses everything from toilet paper to canned soup, to climb 9.4% to $1.53 […]
Dow futures fall 150 points as stocks are set to fall for a second day
U.S. stock futures fell on Tuesday, pointing to a second day of losses for a stock market that had been climbing steadily to record after record. Dow Jones Industrial average futures fell 155 points, or 0.5%. S&P 500 futures lost 0.4%. Nasdaq 100 futures also shed 0.4%. The major averages […]
‘We are all ruined’ without change: European Super League chairman hits back at criticism
Florentino Perez, President of Real Madrid pictured on February 18, 2020 in Madrid, Spain. Mateo Villalba | Quality Sport Images | Getty Images LONDON — The chairman of the European Super League has said plans to form a new breakaway elite competition are designed “to save” soccer, pushing back against […]
Facebook-backed Diem aims to launch digital currency pilot later this year
Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro. But […]
Stock futures edge higher ahead of major corporate earnings
U.S. stock futures rose slightly in early morning trading on Tuesday as investors prepared for the next batch of corporate earnings. Dow futures rose 63 points. S&P 500 futures and Nasdaq 100 futures both traded in marginally positive territory. The major averages fell on Monday, dragged down by overall weakness […]
IEA issues dire warning on carbon emissions, says Covid recovery anything but sustainable
Huaneng Power Plant. Huai ‘an City, Jiangsu Province, China, September 13, 2020. Costfoto | Barcroft Media via Getty Images LONDON — Energy-related carbon emissions are on track to surge by nearly 5% this year, according to the International Energy Agency, reversing most of last year’s decline caused by the coronavirus […]
Germany’s biggest political power finally chooses who will lead it into crunch election
Christian Democratic Union (CDU) party chairman Armin Laschet (L) and State Premier of Bavaria and Christian Social Union (CSU) chairman Markus Soeder arrive for a joint press conference on the occasion of a closed door faction meeting of CDU and CSU on April 11, 2021 in Berlin, Germany. Pool | […]
Biden’s tax overhaul puts Ireland’s corporate rate in the spotlight
U.S. President Joe Biden speaks during a virtual meeting with Irish Prime Minister (Taoiseach) Micheal Martin in the Oval Office of the White House on March 17, 2021 in Washington, DC. from Ireland. Erin Scott | Pool | Getty Images DUBLIN — Ireland’s low corporate tax rate finds itself in […]
After Australia, the wrangle between publishers and Big Tech has reached new levels
Facebook has banned publishers an users in Australia from posting it sharing news content as the Australian government prepares to pass laws that will require social media companies to pay news publishers for sharing using content on their platforms. Brendon Thorne | Getty Images News | Getty Images Weeks after […]